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You are saving for a new car. You place $23,700 into an investment account today. How much will you have after four years if the
You are saving for a new car. You place $23,700 into an investment account today. How much will you have after four years if the account earns (a) 2%, (b) 4%, or (c) 6% compounded annually? (FV of $1, PV of $1, FVA of $1, and PVA of $1 ) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.)
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